Talia Goldberg is a partner at Bessemer Venture Partners where she focuses on consumer internet, software, and AI. She became the youngest elected partner in firm history. Bessemer is a VC firm with a long and storied history with investments in companies like Twilio, Shopify, Pinterest, LinkedIn, Yelp, Twitch, and many more. In this episode, we cover a range of topics including: - Why is consumer the biggest beneficiary of AI - AI is generating massive consumer surplus - Why is RLHF only a secondary moat - Distribution tactics for consumer AI: virality via social proof, the Etsy effect, building for niche communities, standing on the shoulder of giants, "first order irrational, second order rational" - Conversion tactics for consumer AI: entertainment as conversion, community-driven conversion, gambling psychology - What does 2024 look like for AI startups and VCs Talia's favorite book: Poor Charlie's Almanack (Author: Charlie Munger)  --------Where to find Prateek Joshi: Newsletter: https://prateekjoshi.substack.com Website: https://prateekj.com LinkedIn: https://www.linkedin.com/in/prateek-joshi-91047b19 Twitter: https://twitter.com/prateekvjoshi